🚨 ETH Mood Check: From Panic to Confidence!
Glassnode’s Net Unrealized Profit/Loss (NUPL) just delivered a dramatic plot twist in Ethereum’s story from investor capitulation to full-blown bullish belief!
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That shift? It’s the secret sauce behind ETH’s impressive Q2 rally and if the macro wind keeps blowing in our favor, more ETH accumulation could be just around the corner. 🧠💎
🧩 Breaking It Down:
* Capitulation Phase: When investors hit the panic button, selling at a loss.
* Belief Zone: Now, they're confident again holding, buying, and moving forward.
* This emotional rebound has fueled the surge in ETH price and the momentum is building.
🚀 Why Binance Traders Should Pay Attention:
* Confidence means smart money honed in follow the trail!
* With macro tailwinds (like ETH ETFs, Layer-2 adoption), this could be the perfect setup for new entries.
* Keep an eye on ETH’s consolidation alongside BTC this could lead into another breakout.
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Picture source: Glassnode